Social Security, instituted in 1935, has provided tens of millions of Americans with income for retirement. Currently, more money is collected in Social Security taxes from workers than is paid out to retirees. But that ratio is reversing as “baby boomers” start to retire and the workforce shrinks due to the recession. Options to close the gap include more borrowing, higher taxes or reduced benefits.
John Betar, 102, and his wife Ann, 98, are seen at their home in Fairfield, Connecticut (REUTERS/Michelle McLoughlin).
An Old Story About the War On Poverty
February 12, 2014, Ron Haskins
Ron Haskins discusses the positive impacts that the War on Poverty—specifically Social Security, Medicare and Medicaid—has had on the health, life expectancy and poverty rates of the elderly.
Retirement, Saving and Pensions
U.S. Economic Performance
U.S. Budget Deficit
The Federal Budget
January 27, 2014, Haroon Bhorat and Aalia Cassim
Article | The American Prospect/Democratic Strategist
January 24, 2014, William A. Galston
Opinion | American Prospect
January 24, 2014, Henry J. Aaron
Article | Orange County Register
September 25, 2013, Henry J. Aaron
May 15, 2013
Opinion | The Hill
May 9, 2013, Martin Neil Baily and Glenn Hubbard
Opinion | Yahoo! Finance
April 17, 2013, Isabel V. Sawhill
Opinion | The Washington Post
March 8, 2013, Harry J. Holzer and Isabel V. Sawhill
Opinion | Real Clear Markets
March 5, 2013, Henry J. Aaron
January 9, 2013, Henry J. Aaron
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Henry J. Aaron
Senior Fellow, Economic Studies
The Bruce and Virginia MacLaury Chair
Isabel V. Sawhill
Co-Director, Center on Children and Families, Budgeting for National Priorities
The John C. and Nancy D. Whitehead Chair
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